This archive report was first published on 18 November 2021.
On November 18, 2021, Diamond Trust Bank (DTB) announced a new partnership with Crown Motors Group, the official distributor of the Nissan brand in Kenya, to offer motor vehicle financing to small and medium-sized enterprises (SMEs) across the country.
The 'Beba Leo' scheme provides 100% financing over 60 months for SMEs to acquire new vehicles for their businesses, along with comprehensive insurance cover.
According to Dr. Kennedy Nyakomitta, General Manager in charge of Asset Finance at DTB, SMEs face significant challenges in accessing capital and funds to grow their businesses.
“Despite providing a huge share of global employment, SMEs still face major challenges when it comes to raising capital for their businesses and accessing funds to grow their business potential,” Dr. Nyakomitta said.
The partnership with Crown Motors demonstrates DTB's commitment to providing customized, flexible, and integrated banking solutions to its customers.
“SMEs will not have to outlay any cash to get these vehicles, they simply need approval from DTB after which they can collect the desired vehicle from Crown Motors,” Dr. Nyakomitta added.
Speaking on the new partnership, Maliha Sheikh, the National Sales Manager for Crown Motors Group, said, “Kenya is one of Nissan’s oldest markets, with over 60 years of presence in the market, our vehicle models speak to the Kenyan people. This new partnership will strengthen our efforts to offer affordable and accessible mobility solutions to a diverse set of valued DTB customers.”
